ZIP Code 24055 — Oak Level CDP, VA Demographics & Data

ZIP code 24055 covers Oak Level, VA in Henry County with a population of about 11,520.

At a glance, the area shows median age of 50.5 versus a U.S. median of about 38.9.

It sits in telephone area code 276; U.S. House district VA-9; the ROANOKE - LYNCHBURG media market.

Median household income in ZIP 24055 is about $41,733 — about 44% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 15.1%; unemployment rate near 2.7%; 14.6% of adults with a bachelor’s degree or higher (about 19.1 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Retail trade, and Healthcare; about 9.0% of workers reporting work-from-home (about 6.2 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $113,900 — about 67% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $374 (about 68% below the U.S. median rent ($1,163)), and owner-occupancy near 78.1% (about 12.7 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24055 in Oak Level, VA, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $732. That sits below the local median household income ($41,733), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Oak Level CDP, VA as Relatively Low (composite score 63.6), which is near the middle of the national distribution. The strongest component scores on US5 are flood (76.6) and hurricane (74.1). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Oak Level CDP, VA show little to no average snow and around 47.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 650 for ZIP 24055 (Oak Level CDP, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.